Africa Is A Slow Starter

The global economic downturn was felt by South Africa long after most of the Western World. With the West no beginning to recover from the financial crisis it is speculated South Africa will be slower to recover, as it was to start. Output in Africa’s largest economy shrunk by 3% in the 2nd quarter for the third time consecutively. Previously the loss had been as great as 6.4% however which has led some to speculate Africa’s first recession in 17 years may be at an end.
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